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KACHHA ADTIA

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(Querist)
17 July 2007 I AM KACCHA ADTIA & MY TOTAL GHARAU SALE IS 33 LAKH & ADAT SALE IS 1 CR. SO PLEASE ADVICE I AM APPLICABLE FOR VAT AUDIT

SACHIN
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CA. Mohammed Yusuf

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CA. Mohammed Yusuf (Expert)
17 July 2007 Audit of Account: Every dealer having a turn over of over Rs. 40.00 lacs would be required to get his account audited by a Chartered Accountant and submit the audit report within the stipulated time. Failure to do so would attract penalty proceedings.
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CA. O.P. Agarwalla

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CA. O.P. Agarwalla (Expert)
20 November 2007 Please go through the clarification of Board in relation to kacha aratia. I believe that in case of kacha aratia, the turnover is only the commission and does not includes sales on behalf of the principals. So, if u are a kacha aratia, your turnover will be the total of direct (own) sales + Commission earned.
However for the purpose of determing turnover under VAT Act, the answer will be different.
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CA BHARATH KUMAR

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CA BHARATH KUMAR (Expert)
04 August 2012 i agree with CaAgrawal Sir
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CA BHARATH KUMAR

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CA BHARATH KUMAR (Expert)
04 August 2012 i agree with CaAgrawal Sir
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CA BHARATH KUMAR

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CA BHARATH KUMAR (Expert)
04 August 2012 i agree with CaAgrawal Sir
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